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ORIX JREIT Inc.
(8954)
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Rating:67Neutral
Price Target:
¥108,283
▲(1.39% Upside)
Action:Downgraded
Date:08/06/26
The score is primarily supported by stable profitability and a solid balance sheet, which outweigh concerns. The main risks are the recent revenue decline and uneven/free cash flow trends, while mixed technical signals and a moderate P/E (partly offset by a strong dividend yield) keep the overall rating in the mid-range.
Positive Factors
Strong balance sheet
ORIX JREIT maintains manageable leverage and a stable equity ratio, supporting resilience through cycles. Consistent ROE indicates effective capital use, enabling continued acquisitions or capital recycling while preserving capacity to service debt and sustain distributions over months.
Negative Factors
Recent revenue decline
A 6.04% revenue drop signals weakening top-line momentum that can persist without corrective acquisition or leasing strategies. Lower revenue reduces distributable cash and limits reinvestment capacity, pressuring growth initiatives and possibly forcing tighter expense or dividend decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
ORIX JREIT maintains manageable leverage and a stable equity ratio, supporting resilience through cycles. Consistent ROE indicates effective capital use, enabling continued acquisitions or capital recycling while preserving capacity to service debt and sustain distributions over months.
Read all positive factors
ORIX JREIT Inc. (8954) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥548.14B
Dividend Yield4.72%
Average Volume (3M)11.36K
Price to Earnings (P/E)20.4
Beta (1Y)0.13
Revenue Growth5.25%
EPS Growth19.44%
CountryJP
Employees80
SectorGeneral
Sector StrengthN/A
IndustryREIT - Office
Share Statistics
EPS (TTM)4873.19
Shares Outstanding5,520,000
10 Day Avg. Volume7,940
30 Day Avg. Volume11,355
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)1.56
Price to Sales (P/S)9.59
P/FCF Ratio-34.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5,154.76
Revenue Forecast (FY)¥61.47B
ORIX JREIT Inc. Business Overview & Revenue Model
Company Description
ORIX JREIT Inc. (OJR) began operations on September 10, 2001, and made its debut on the Tokyo Stock Exchange on June 12, 2002, marking it as the fourth Real Estate Investment Trust (JREIT) to be publicly traded in Japan. Functioning as an external...
How the Company Makes Money
ORIX JREIT Inc. generates earnings primarily from real estate operations and related investment activities. Its core revenue stream is rental income received from tenants occupying its properties under lease agreements; this includes base rent and...
ORIX JREIT Inc. Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
75
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 66.58B | 56.99B | 55.01B | 51.37B | 49.86B | 47.22B |
| Gross Profit | 21.24B | 17.87B | 28.71B | 24.83B | 27.03B | 25.55B |
| EBITDA | 38.68B | 32.14B | 32.57B | 32.82B | 31.07B | 29.63B |
| Net Income | 26.90B | 23.51B | 23.05B | 19.05B | 21.13B | 19.46B |
Balance Sheet | ||||||
| Total Assets | 743.35B | 685.77B | 685.00B | 677.84B | 682.98B | 684.45B |
| Cash, Cash Equivalents and Short-Term Investments | 17.54B | 26.80B | 21.15B | 42.07B | 50.41B | 48.97B |
| Total Debt | 347.70B | 296.20B | 297.09B | 292.09B | 294.54B | 297.64B |
| Total Liabilities | 389.71B | 335.48B | 335.18B | 329.96B | 332.30B | 335.54B |
| Stockholders Equity | 353.64B | 350.30B | 349.82B | 347.87B | 350.68B | 348.91B |
Cash Flow | ||||||
| Free Cash Flow | -37.79B | -15.97B | -4.18B | 17.63B | 23.80B | 16.17B |
| Operating Cash Flow | 44.59B | 34.52B | 58.80B | 36.61B | 36.17B | 27.19B |
| Investing Cash Flow | -81.80B | -49.91B | -59.78B | -19.59B | -12.33B | -10.80B |
| Financing Cash Flow | 27.96B | 8.55B | -16.14B | -24.30B | -22.45B | -13.70B |
ORIX JREIT Inc. Technical Analysis
Neutral
106800.00
Price Trends
98148.00
Positive
98201.00
Positive
100615.71
Negative
Market Momentum
135.42
Positive
47.07
Neutral
16.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8954, the sentiment is Neutral. The current price of 106800 is above the 20-day moving average (MA) of 101000.00, above the 50-day MA of 98148.00, and above the 200-day MA of 100615.71, indicating a neutral trend. The MACD of 135.42 indicates Positive momentum. The RSI at 47.07 is Neutral, neither overbought nor oversold. The STOCH value of 16.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8954.
ORIX JREIT Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥144.37B | 18.67 | ― | 6.26% | -17.50% | -15.10% | |
71 Outperform | ¥859.46B | 23.06 | 6.70% | 4.05% | -1.30% | -3.43% | |
67 Neutral | ¥548.14B | 20.38 | ― | 4.10% | 5.25% | 19.44% | |
62 Neutral | ¥1.13T | 25.68 | 5.94% | 3.65% | -14.70% | -7.58% | |
62 Neutral | ¥304.26B | 19.77 | ― | 3.94% | 23.62% | 10.38% | |
60 Neutral | ¥222.48B | 18.42 | ― | 4.63% | 19.76% | 7.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8954
ORIX JREIT Inc.
99,300.00
3,506.63
3.66%
JP:8952
Japan Real Estate Investment
118,000.00
-3,651.81
-3.00%
JP:8951
Nippon Building
128,400.00
-8,202.73
-6.00%
JP:3295
Hulic Reit, Inc.
154,500.00
-2,987.19
-1.90%
JP:8975
Ichigo Office REIT Investment Corporation
94,500.00
3,177.38
3.48%
JP:8976
Daiwa Office Investment Corporation
325,500.00
-16,409.00
-4.80%
ORIX JREIT Inc. Corporate Events
ORIX JREIT Extends MUFG Commitment Line While Keeping Total Limit Unchanged
Jul 29, 2026
ORIX JREIT Inc. has amended a key commitment line agreement with MUFG Bank, Ltd., expanding the facility’s limit from JPY 4.0 billion to JPY 10.0 billion and extending its maturity from August 2027 to July 2029, while maintaining an unsecure...
ORIX JREIT Extends Debt Maturities With ¥12 Billion Refinancing
Jul 13, 2026
ORIX JREIT Inc. has arranged ¥12 billion in new floating-rate loans from a group of regional and major banks, with maturities stretching from 2031 to 2036 and no collateral or guarantees attached. The financing is based on JBA 1-month and 3-m...
ORIX JREIT Reports No Major Damage at Iwate Retail Asset After Strong Quake
Jun 25, 2026
ORIX JREIT Inc. reported on the impact of an earthquake with a maximum seismic intensity of upper 6 that struck off the coast of Iwate Prefecture on June 25, 2026. The company conveyed sympathy to those affected and noted that, as of now, there ha...
ORIX JREIT Secures ¥10.2 Billion in Loans to Refinance Existing Debt
Jun 18, 2026
ORIX JREIT Inc. has arranged ¥10.2 billion in new loans from a syndicate of major Japanese lenders, including Sumitomo Mitsui Trust Bank, MUFG Bank, Development Bank of Japan and others, with a mix of floating and fixed rates and maturities r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.